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- Title
The Increasing Economic Progress of Stock Markets: A Comparative View of Developing and Developed World.
- Authors
Soomro, Hassan Jawad; Sohu, Zahid Hussain; Jatoi, Waseem Ahmed; Bhutto, Sarfaraz Ahmed; Mangi, Qamar Abbas
- Abstract
Stock markets and economic system of a country has a great bonding in terms of healthy financial system. The pace of dramatic economic changes has departed this world into two lines, the developed countries (DCs) and developing countries (DVCs). This researchessentially examined dynamic panel data analysisinincreasing economic progress among stock market of DCs and DVCs. The changes in the stock market are estimated using the market capitalization and stock value traded indicators. A robust inferential tool, Fully Modified Ordinary Least Squares (FMOLS) has been used, it is evident that stock value traded had a significant positive effect on the economic progress of on the economies of DCs and DVCs. While market capitalization had a significant negative effect on the developed economies only. Finally, this research suggests policymakers to design such policies that enhance the volume of stock value traded.
- Subjects
STOCK exchanges; ECONOMIC development; ECONOMIC change; ECONOMIC systems
- Publication
Ilkogretim Online, 2021, Vol 20, Issue 4, p437
- ISSN
1305-3515
- Publication type
Article
- DOI
10.17051/ilkonline.2021.04.49